Scheme

Axis Arbitrage Fund

Holds 150 companies worth ₹7,087 Cr in Sept 2026.

Fund house
AxisThe fund house that runs this scheme.
AUM
₹10,143 CrAxis Arbitrage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.2% on Aug 2026, ₹10,589 Cr.
Largest holding
HDFC BankHDFC Bank is 4.1% of this scheme's NAV.
Fund manager
Devang ShahRuns its co-manager part since 14 Aug 2014, as the fund house dates it. With Sachin Jain (co-manager).

Overview^{(6 Oct 2026)}

Fund managers2

Devang ShahCo-manager, debt · Aug 2014
Sachin JainCo-manager, debt · Nov 2021 · 10y · PGDM B.Tech

Karthik KumarJul 2023 – Sept 2026
Ashish NaikMay 2022 – Dec 2024

Key facts

Benchmark: Nifty 50 Arbitrage Index
Risk: Low
Expense: Regular 2.09% · Direct 1.4%
Exit load: 0.25% within 15 days
Started: 14 Aug 2014
Minimum: ₹500

Source.Its Scheme Summary Document as of 6 Oct 2026 at AMFI.

What changed^{(13 changes)}

Oct 2026

1 change

Expense ratio
5 OctRegular 2.1% → 2.09%Direct 1.41% → 1.4%

Sept 2026

3 changes

Category
28 SeptArbitrage Fund → To generate income through investments predominantly in low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies There is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Karthik Kumar left
10 Septran it as co-manager (equity) from Jul 2023
Expense ratio
10 SeptRegular 1.75% → 2.1%Direct 1.06% → 1.41%

May 2026

1 change

Expense ratio
17 MayRegular 1.01% → 1.75%Direct 0.32% → 1.06%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time^{(Aug 2014 – now)}

MainCoSlice201520172019202120232025

Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs^{(Aug 2024 – Oct 2026)}

Every change to the expense ratio, newest first.
11 changes	Regular	Direct	Δ pt
5 Oct 2026	2.09%	1.40%	0.01
10 Sept 2026	2.10%	1.41%	0.35
17 May 2026	1.75%	1.06%	0.74
18 Jan 2026	1.01%	0.32%	0.01
7 May 2025	1.02%	0.33%	0
9 Apr 2025	0.99%	0.33%	0.02
25 Mar 2025	0.97%	0.31%	0.02
30 Dec 2024	0.99%	0.33%	0.01
30 Oct 2024	1.00%	0.34%	0.04
23 Sept 2024	1.00%	0.30%	0.01
21 Aug 2024	1.01%	0.31%	–

Direct plan, 5 Oct 2026

1.40%

Regular plan 2.09% · Exit load 0.25% within 15 days

Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk^{(6 Oct 2026)}

Objective

To generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Risk, type and benchmark

Riskometer: Low
At launch: Low to Moderate
Type: An open ended scheme investing in arbitrage opportunities. No investment in InvITs is permitted.
Benchmark: Nifty 50 Arbitrage Index

Asset allocation it may hold% of NAV

Equities, equity related instruments (unhedged)
Allowed0–10%
Equities, equity related instruments and derivatives including index futures, stock futures, index options, & stock options, etc. as part of hedged / arbitrage exposure
Allowed65–90%
Debt and Money market instruments (including investments in securitized debt)
Allowed10–35%Holds30.3%

Holds in Sept 2026.69.7% equity · 30.3% debt and cash

How to invest^{(6 Oct 2026)}

Buying

To start: ₹500, then in multiples of ₹1
To add: ₹500, then in multiples of ₹1
Systematic: SIP - Daily / Weekly / Monthly / Yearly, Choti SIP - Monthly ; SWP - Weekly / Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly.
Dates: SIP - Except 29,30 and 31 all dates SWP - Any Business Day, STP - Daily, Weekly all days, Fortnightly - alternate Wednesday, Monthly and Quarterly 1,7,10,15 and 25
Minimum: SIP Daily, Weekly - 100, Monthly 100.00, SIP Yearly - 12000.00 SWP - 1000 STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000.00 . Choti SIP - Maximum one SIP under the facility of exactly equal to Rs. 250/- is allowed. The facility is restricted to three SIP’s across all Mutual Funds (one each in upto three Asset Management Companies)., then in multiples of ₹1
Instalments: SIP Daily -6, Weekly - 6 Monthly - 6 SIP - Yearly - 3 , Choti SIP - 60 installments at the time of registration ( If the tenure is below or above 5 years then SIP will be considered as Normal SIP. However, if investor desires to stop or withdraw the SIP investment prematurely, there is no restriction); SWP - Weekly - 5, Monthly - 6, Quarterly - 4, Halfyearly - 4, Yearly - 2 STP - Daily -6, Weekly - 6, Fortnightly -6, Monthly - 6, Quarterly -2.

Selling and switching

Scheme details^{(6 Oct 2026)}

What it is

Category: To generate income through investments predominantly in low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies There is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Offer: 25 Jul 2014 to 8 Aug 2014
Started: 14 Aug 2014
Reopened: 21 Aug 2014
Plans: Direct Monthly IDCW · Direct Growth · Regular Monthly IDCW · Regular Growth
Face value: ₹10
Listed: Unlisted

How it is run

Swing pricing: No
Side-pocketing: No
Custodian: DEUTSCHE BANK AG
Auditor: B S R & Co. LLP
Registrar: Kfintech Ltd
SEBI code: AXIS/O/H/ARB/14/05/0018